AXA: A sharp decline in net result for 2018

AXA ended the year 2018 with a net result of 2.1 billion EUR (2.4 billion USD), a decrease of 66% in one year. This declining net result is accounted for by the the acquisition of the Bermudan group XL for 15.3 billion USD and the introduction of U.S. financial activities on the stock exchange market.

The new AXA XL division was also affected, during the last quarter, by natural disasters in the United States and in particular by Hurricane Michael and the California fires. The two events cost 261 million EUR (299 million USD) and 355 million EUR (406 million USD) respectively.

Despite a difficult year, the company recorded an operating profit of 6.2 billion EUR (7 billion USD), an increase of 3% compared to 2017, the best since the creation of AXA.

The company's turnover also rose by 4% to reach 103 billion EUR (118 billion USD).

AXA will offer its shareholders a dividend of 1.34 EUR (1.53 USD) per share, up by 6% in comparison with the previous year.